Hedge fund administrator Epitome Global Services has named Kim Wales its new CEO.

Wales was previously a consultant for Butterfield Bank, where she helped lead the divestiture of its administration arm, Butterfield Fund Services, and the merger of BFS with Fulcrum Group in 2008.

"Kim is exactly the right leader for Epitome, as our efforts continue to center on providing our clients seamless service while growing new lines of business," outgoing CEO Raju Panjwani, said. "Kim's onshore and offshore banking-related background, vision to focus on customer service and the desire to be among the top global providers of services to alternative investment strategies, complements Epitome's current offerings."

Panjwani, Epitome's founder, will remain the firm's chairman.

"I am thrilled by the opportunity to work alongside Raju and the team as we advance Epitome to its next phase of growth," Wales said.

Before joining Butterfield, Wales worked at Morgan Stanley, Chase Manhattan Bank DTCC and the New York Stock Exchange.